The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Parasmal Kanungo
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Awaiting price reaction for this filing.
Promoter Parasmal Kanungo disclosed acquisition of 2,42,42,424 equity shares (12.47%) of Baroda Extrusion Ltd through conversion of a loan into equity via preferential allotment on 28-08-2025. His holding rose from 70,49,901 shares (4.73%) to 3,12,92,325 shares (16.10%). The company's total share capital expanded from 14,90,49,000 to 19,43,82,316 equity shares of Re.1 each as a result. No encumbrance, warrants, or other instruments are involved — this is a direct equity infusion by converting existing debt owed to the promoter.
Positive signal for shareholders — the promoter is deepening his commitment by converting debt into equity, strengthening his skin-in-the-game. However, dilution of existing shareholders is notable (share count rose ~30%), and the promoter's 16.10% stake remains well below the 50% promoter threshold, meaning the stock is not tightly controlled by a majority holder.